Construction estimating is a difficult task and one that many contractors struggle with. It’s not unusual for one contractor to take on the workload of another who has abandoned it. This can lead to all sorts of problems, including lost profits, increased costs, poor customer service, and workmanship issues.
There are some fundamental mistakes that even experienced estimators make in their estimates that you should avoid at all costs. Let’s discuss these common mistakes, so you don’t make them!
1) Not using high-quality estimating software.
Many estimators still use pencil and paper to create their estimates, but technology has come so far in this industry that it is crazy not to convert your workflow from analog to digital. Using an online construction estimate tool will significantly decrease your time on each job, which means more profit for your business!
2) Not having a good exit strategy.
You’ve spent hours creating an estimate only to find that it is way over budget – what do you do now? Without a proper plan for dealing with this, or any other issue on the job site, you can put yourself and your employees at risk of making costly mistakes down the line. Ensure all staff involved in the estimating and bidding process know how to communicate with each other and what steps they need to take when something goes wrong.
3) Not checking in with the client.
While you may have a solid understanding of what is included or excluded from your estimate, there’s no way to know for sure unless you check in with the client. This can help prevent any last-minute changes that will cost time and money down the line. Be sure everyone on your team has their contact information so you can easily get in touch with them if need be.
Don’t let one or all of these mistakes lead to lost profits, increased costs, poor customer service, and workmanship issues on your next project!
If you’re ready to outsource your estimating process while giving yourself more free time for the things that matter the most, reach out to Peak Outsourcing without any second thoughts. It’s the best decision you’ll ever make.